EUR/USD/JPY crosses

What is the hedge fund market chatting about right now

  • USD/JPY: “The BOJ is divided over whether to authorise a measure to quell bond market volatility”- this could be USD/JPY bearish.
  • Cable: Break above 1.5415/25 seen as adding to bullish momentum.
  • EUR/USD: Plenty of interest to sell on rallies especially near 1.3140.
  • UBS: Maintain bearish USD/JPY and bullish USD/CAD stances.

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  1. I guess any measures taken to reduce volatility will undermine recent trends and so be seen by mkt as slightly bullish Yen (against recent bear trend)

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